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Millennium & Copthorne hotel income drops 94%

Pandemic harmed hotel business, but property development, govt tax credits led to profit.

Andrew Bevin Wed, 17 Feb 2021

NZX-listed Millennium & Copthorne Hotels NZ (MCK) is still in the black after Covid-19 containment restriction cut its hotel profits by 94% in the year ending December 31.

It made a better-than-expected small profit of $1.9 million from hotel operations in 2020 compared to $33.5m the prior

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Andrew Bevin Wed, 17 Feb 2021
Contact the Writer: andrew@nbr.co.nz
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Millennium & Copthorne hotel income drops 94%
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